EconTalk Josh Williams on Online Gaming, Blockchain, and Forte
Jul 13, 2020
Josh Williams, co-founder and CEO of Forte, dives into the dynamic world of online gaming and blockchain technology. He discusses the staggering 3 billion gamers and the massive revenue potential of the industry. Williams highlights how blockchain can revolutionize player ownership of virtual goods and enhance real-world economic activities within games. He also delves into the rise of virtual concerts and their impact on community building, showcasing the evolving relationship between gaming, culture, and commerce.
AI Snips
Chapters
Transcript
Episode notes
Gaming's Growth
- There are around 3 billion gamers worldwide, a massive increase from 15-20 years ago.
- Gaming used to be confined to a smaller group using computers or consoles specifically for gaming.
Early Virtual Worlds
- Russ Roberts recalls a 2008 EconTalk episode with Edward Castronova about virtual worlds like Second Life.
- Castronova foresaw the potential of these platforms for social science experiments.
League of Legends Experience
- In games like League of Legends, players team up to strategize and compete against others.
- Players develop mastery over complex systems, fostering cooperation and competition.